Consumer enumeration: – In this method, almost all the potential users of the product are contacted and are asked about the future plan of purchasing…

The opinion poll methods aim at collecting opinion of those who are supposed to possess knowledge of the market e.g. sales representative, professional marketing experts…

Trends Projection Method Barometric Method and Economic Method

Trend projection method is a classical method of business forecasting. This method is essentially concerned with the study of movement of variable through time. The…

Many economists use economic indicators as barometer to forecast trends in business activities. The basic approach of barometer technique is to construct an index of…

The econometric methods combine statistical tools with economic theories to estimate economic variables and to forecast the intended economic variables. An econometric model may be…

A special feature of a monopoly is Price Discrimination i.e.charging different prices from different customers for the same or substantially the same commodity at the…

Different markets must be separable for a seller to be able to practice discriminatory pricing. The market for different classes of consumer must be so…

The term “isoquant” has been derived from the Greek word “iso” meaning equal and Latin word “quantus” meaning “quantity”. The “isoquant curve” is ,therefore, also…

a) Isoquant have a negative slope :- An isoquant has a negative slope in the economic region or in the relevant range. The negative slope…